Memphis, TN 38111 Real Estate & Property Data

Memphis, TN 38111 Real Estate Market Trends
Last Updated: October 11, 2025

A total of 927 residential properties have been sold over the past 12 months in 38111. With a median sales price of $188,750 in 38111. Discover market trends and get the granular level real estate data for Memphis, TN 38111 to keep your pulse on the housing market. Curate compelling home reports for Memphis, TN 38111 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Memphis, TN 38111 Real Estate Market Trends
Total Residential Properties 14,135
Total Commercial Properties 460
Avg. Home Age (Single Family Home) 77 Years
Avg. Square Feet (Single Family Home) 1,521
Total 2025 Residential Sales (year-to-date) 492
% of Homes Seriously Underwater (Q4 2025) 2.38%
Total 2024 Residential Sales 825
% of Equity Rich Homes (Q4 2025) 30.05%
Effective 2024 Property Tax 1.65%
Total Foreclosure Filings (year-to-date) 12
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Memphis, TN 38111 Real Estate Overview

There were 927 residential properties sold in the past year in Memphis, TN 38111. The median home value in Memphis, TN 38111 is $124,736. There are a total of 14,135 residential properties in the 38111.

Median Sales Price i
$188,750
(Jul 2025)
+34.8%
year-over-year
y-o-y
  • July '25 Jul '25 $188,750
  • June '25 Jun '25 $205,000
  • May '25 May '25 $136,000
  • April '25 Apr '25 $188,000
  • March '25 Mar '25 $176,000
  • February '25 Feb '25 $119,500
  • January '25 Jan '25 $175,750
  • December '24 Dec '24 $159,950
  • November '24 Nov '24 $169,000
  • October '24 Oct '24 $164,900
  • September '24 Sep '24 $149,500
  • August '24 Aug '24 $150,000
Median Down Payment i
$35,000
(Jul 2025)
+41.8%
year-over-year
y-o-y
  • July '25 Jul '25 $35,000
  • June '25 Jun '25 $39,450
  • May '25 May '25 $15,000
  • April '25 Apr '25 $26,750
  • March '25 Mar '25 $28,112
  • February '25 Feb '25 $20,000
  • January '25 Jan '25 $23,600
  • December '24 Dec '24 $15,990
  • November '24 Nov '24 $27,090
  • October '24 Oct '24 $26,800
  • September '24 Sep '24 $30,750
  • August '24 Aug '24 $34,347
Number of Homes Sold i
67
(Jul 2025)
-17.3%
year-over-year
y-o-y
  • July '25 Jul '25 67
  • June '25 Jun '25 90
  • May '25 May '25 61
  • April '25 Apr '25 74
  • March '25 Mar '25 78
  • February '25 Feb '25 48
  • January '25 Jan '25 74
  • December '24 Dec '24 66
  • November '24 Nov '24 75
  • October '24 Oct '24 51
  • September '24 Sep '24 68
  • August '24 Aug '24 94
Number of Purchase Loans i
55
(Jul 2025)
-6.8%
year-over-year
y-o-y
  • July '25 Jul '25 55
  • June '25 Jun '25 55
  • May '25 May '25 51
  • April '25 Apr '25 50
  • March '25 Mar '25 61
  • February '25 Feb '25 31
  • January '25 Jan '25 51
  • December '24 Dec '24 38
  • November '24 Nov '24 36
  • October '24 Oct '24 43
  • September '24 Sep '24 45
  • August '24 Aug '24 69
Number of REFI Loans i
28
(Jul 2025)
+40%
year-over-year
y-o-y
  • July '25 Jul '25 28
  • June '25 Jun '25 37
  • May '25 May '25 18
  • April '25 Apr '25 37
  • March '25 Mar '25 21
  • February '25 Feb '25 15
  • January '25 Jan '25 16
  • December '24 Dec '24 19
  • November '24 Nov '24 19
  • October '24 Oct '24 18
  • September '24 Sep '24 23
  • August '24 Aug '24 17
Number of HELOC Loans i
13
(Jul 2025)
-40.9%
year-over-year
y-o-y
  • July '25 Jul '25 13
  • June '25 Jun '25 15
  • May '25 May '25 8
  • April '25 Apr '25 6
  • March '25 Mar '25 12
  • February '25 Feb '25 12
  • January '25 Jan '25 9
  • December '24 Dec '24 10
  • November '24 Nov '24 6
  • October '24 Oct '24 15
  • September '24 Sep '24 8
  • August '24 Aug '24 6

Memphis, TN 38111 Foreclosure Activity

Total Foreclosure Filings i
  • July '25 Jul '25 N/A
  • June '25 Jun '25 1
  • May '25 May '25 2
  • April '25 Apr '25 4
  • March '25 Mar '25 N/A
  • February '25 Feb '25 3
  • January '25 Jan '25 2
  • December '24 Dec '24 N/A
  • November '24 Nov '24 3
  • October '24 Oct '24 2
  • September '24 Sep '24 7
  • August '24 Aug '24 5
Foreclosure Starts i
  • July '25 Jul '25 N/A
  • June '25 Jun '25 1
  • May '25 May '25 2
  • April '25 Apr '25 4
  • March '25 Mar '25 N/A
  • February '25 Feb '25 3
  • January '25 Jan '25 2
  • December '24 Dec '24 N/A
  • November '24 Nov '24 3
  • October '24 Oct '24 2
  • September '24 Sep '24 7
  • August '24 Aug '24 5
Completed Foreclosures (REOs) i
4
(Jul 2025)
+300%
year-over-year
y-o-y
  • July '25 Jul '25 4
  • June '25 Jun '25 N/A
  • May '25 May '25 1
  • April '25 Apr '25 3
  • March '25 Mar '25 5
  • February '25 Feb '25 1
  • January '25 Jan '25 2
  • December '24 Dec '24 2
  • November '24 Nov '24 1
  • October '24 Oct '24 1
  • September '24 Sep '24 1
  • August '24 Aug '24 N/A
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